back Back

SEON gives online businesses freedom from fraud ahead of Black Friday

By Joy Dumasia

September 30, 2021

  • API
  • Black Friday
  • Cyberattacks

SEON, the fraud fighters, announces it will provide online businesses with free fraud detection for 30 days to ensure they are fully protected throughout Black Friday, a time when cyberattacks will surge.

Last year there were more than 18,000 fraud attempts on average made against each UK retailer during the Golden Quarter. It is predicted that the figure will reach 20,000 in 2021, costing each business £38,000, and SEON aims to drive this number down by making its fraud detection solution free to use in the run-up to Black Friday and beyond. 

The last 18 months have seen both eCommerce and digital fraud increase exponentially, particularly during the ‘Golden Quarter’ that extends through Halloween to New Year’s Day and incorporates significant shopping days like Black Friday and Cyber Monday. 

SEON believes that fraud prevention should be accessible for all eCommerce businesses, payment service providers, payment gateways, and buy now pay later providers. With transparent and cost-effective pricing, businesses of any size can use SEON to connect to their systems and enhance their fraud detection process. 

Bence Jendruszak, Co-Founder and COO at SEON, said: “We are going further than any other fraud prevention company by making our fraud detection technology available to the world’s entire eCommerce marketplace throughout one of the most profitable and most dangerous times of the year. Our company was founded on the idea that fraud-fighting should be for everyone: every company, no matter how small or niche, should be able to do business online without losing a significant part of their profits to criminals. We also know that those criminals don’t just target the major companies but can attack any business of any size. Our hope is when these criminals start seeing more sites protected by SEON, when a higher percentage of their fraud attempts fail, they’ll start giving up, and we’ll be done with what has been a very difficult time for companies around the world.”

Previous Article

September 30, 2021

Matrixport launches NFT custody services in partnership with BlockCreateArt Network

Read More
Next Article

September 30, 2021

Neonomics partners with Zavann to simplify billing using Open Banking

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024


Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


DCB Bank taps CyberArk to deliver secure services to customers

Read More

July 11, 2024

Signzy brings 2G enabled VKYC to propel financial inclusion in rural India

Read More

July 09, 2024

NatWest taps OneID to enable digital identity service in the Nordics

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024